SpaceX (NASDAQ:SPCX) Shares Purchased Rep. John McGuire

Key Points

• Rep. John McGuire disclosed buying SpaceX shares on June 15, with the transaction valued between $1,001 and $15,000 and reported in a Merrill Lynch brokerage account.
• SpaceX stock was recently under pressure, trading near its 52-week low at $145.30, while the company posted a quarterly loss of $1.27 per share on $4.69 billion in revenue in its latest earnings report.
• Despite the weak share performance, sentiment around SpaceX remains mixed-to-bullish, with several analysts raising price targets or issuing buy ratings and the stock recently being added to the Nasdaq-100, which could support future demand.

Representative John McGuire (Republican-Virginia) recently bought shares of SpaceX NASDAQ: SPCX. In a filing disclosed on July 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in SpaceX stock on June 15th. The trade occurred in the Representative's "MERRILL LYNCH BROKERAGE ACCOUNT" account.

Representative John McGuire also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/7/2026.
• Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 6/4/2026.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 6/4/2026.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 4/15/2026.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/15/2026.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/15/2026.

SpaceX Stock Performance

Shares of SPCX stock traded down $6.86 during trading hours on Friday, hitting $145.30. 46,382,810 shares of the company's stock were exchanged, compared to its average volume of 133,493,516. SpaceX has a 52 week low of $145.07 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share (EPS) for the quarter. The firm had revenue of $4.69 billion for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPCX. Atwood & Palmer Inc. bought a new stake in SpaceX in the second quarter valued at about $29,000. Marquette Asset Management LLC bought a new position in SpaceX during the second quarter worth about $32,000. Burkett Financial Services LLC acquired a new position in shares of SpaceX during the 2nd quarter worth about $70,000. Contravisory Investment Management Inc. bought a new stake in shares of SpaceX in the 2nd quarter valued at about $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SpaceX in the 2nd quarter valued at approximately $89,000.

Analyst Ratings Changes

Several research firms have issued reports on SPCX. Oppenheimer upped their price objective on SpaceX from $190.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, June 18th. Susquehanna assumed coverage on SpaceX in a research report on Tuesday, June 23rd. They set a "neutral" rating and a $170.00 target price for the company. Seaport Research Partners raised SpaceX to a "buy" rating in a research note on Monday, June 22nd. Wolfe Research began coverage on shares of SpaceX in a research report on Friday, June 12th. They set an "outperform" rating and a $175.00 target price on the stock. Finally, Benchmark initiated coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a "buy" rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $239.12.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street coverage turned broadly bullish, with several firms initiating buy ratings and Raymond James setting a street-high $800 price target, arguing SpaceX could still have major upside if Starlink and launch growth scale as expected. Raymond James Sets Wall Street's Highest Price Target on SpaceX Stock at $800. Here's the Math Behind the 425% Upside Call.
• Positive Sentiment: SpaceX was added to the Nasdaq-100, which could drive forced buying from index funds and support demand for the shares over time. SpaceX Added to Nasdaq-100 and Could Trigger $4.3B in Forced Passive Buying
• Positive Sentiment: Cathie Wood’s ARK Invest continued buying SpaceX shares, signaling that some growth investors still see the post-IPO pullback as a buying opportunity. Cathie Wood Buys More SpaceX, Sells AMD, BioNTech, and Other Growth Stocks, 7/9/26
• Neutral Sentiment: Backpack launched 24/7 trading of tokenized real U.S. equities, including SpaceX, expanding access for international investors but not directly changing the company’s fundamentals. Beyond SpaceX: First Trust Launches FSPC Space Economy ETF Focused on AI, Satellites, Launch Leaders
• Negative Sentiment: Bearish commentary intensified around SpaceX’s valuation, with multiple reports saying the IPO hype is fading and that the company’s true value may be far below its market cap. SpaceX: The IPO Hype Is Fading - Why Shares' True Value May Be Less Than Half Its Market Cap
• Negative Sentiment: Several stories highlighted mounting concerns about losses, heavy AI spending, and funding needs, reinforcing worries that profits may remain distant despite strong revenue growth. SpaceX Lost $4.28 Billion on $4.7 Billion in Revenue Last Quarter. Here's What's Going On.
• Negative Sentiment: China’s first successful reusable rocket booster landing also raised competitive pressure on SpaceX’s launch leadership story. China Lands Reusable Rocket Booster for the First Time, Closes Gap With SpaceX in Orbital Launch Race

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia's 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia's 5th Congressional District. He declared candidacy for the 2026 election. John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.